Question

Due to high demand, an automobile dealership recently increased the price of a used compact car by 12%. If the price of the car before the increase was $23,500, what is the new price?

Answer 1

To find the new price, multiply the original price by 12%, then add the result to the original price.

Step-by-step explanation:

To find the new price, we need to calculate a 12% increase on the original price of $23,500. First, we find 12% of $23,500 by multiplying 0.12 and $23,500, which gives us $2,820. Then, we add this amount to the original price to find the new price:

New price = Original price + 12% increase = $23,500 + $2,820 = $26,320